Blog post 6

In chapter 7 it talks about many things but one main thing is the Global Financial crisis is one of the biggest crisis to happen in society. This was just horrible because of the housing market being exceeded so high many people wouldn’t be able to get homes. The housing market would always go up and down well that’s how it’s supposed to be. Now things that summed that all up was credit scores and the mortgages that came with it. The banks would let people who have a low credit score and not be able to afford an expensive still put them in a position where they couldn’t pay off. So in the regards to that the bank would take your home and people were made and it was just wrong to put people in that place. The payment would just be higher making the person’s credit score lower and putting them in a huge debt. The economy lost billions and this wasn’t a smart move. This expanded to other Countries doing the same thing and could get worst.